How does Verizon pay out severance once lay off happens?
How many weeks of pay does an employee receive?
I have been retail sales rep for 6 years and i kind of hope to be laid off in July
How many momths of pay do i get?
7 replies (most recent on top)
@cw the CEO never said that lol. at least he is OK and hasnt eliminated severance
Severance is part of our overall compensation package (which Dan the Man has said publicly is “too good”).
So unless you do something VZ deems a “fireable offense” severance equals two weeks pay for every full time year worked up max 35 weeks.
@ab thats an insult whoa
2 weeks for every year you work
@a5 they don’t have to pay severance, it just looks really bad if they don’t.
@a2 that cant be right... they have to pay severance
2 weeks for every year but there is word that they might not pay severance this time around.